Delay condoned; Special Leave Petition dismissed due to tax effect being less than Rs. 1 crore; Question of law left open.
Delay condoned; Special Leave Petition dismissed due to tax effect being less than Rs. 1 crore; Question of l…
PRINCIPAL COMMISSIONER OF INCOME TAX VS ZIRCONIA CERA TECH GLAZES-(SC Cases)
The delay in filing the petition is condoned. However, since the tax effect in the case is less than Rs. 1 crore, as per a recent Circular issued by the Central Board of Direct Taxes (CBDT), the Special Leave Petition should not have been filed. Therefore, the petition is dismissed on this ground alone. The question of law remains open for future consideration. Any pending applications related to the case are also disposed of.
The delay in filing the petition is condoned. However, the Special Leave Petition is dismissed on the ground that, as per a recent Circular issued by the Central Board of Direct Taxes (CBDT), the tax effect in the case is less than Rs. 1 crore and therefore the petition should not have been filed. The question of law remains open for future consideration. Any pending applications related to the case are also disposed of.
Delay condoned.
Since the tax effect is less than Rs. 1 crore, as per the recent Circular of the C.B.D.T., such a petition should not have been filed. We, accordingly, dismiss the Special Leave Petition on this ground only. However, the question of law is left open.
Pending applications, if any, stand disposed of.
(SUSHIL KUMAR RAKHEJA) (INDU KUMARI POKHRIYAL)
AR CUM PS ASSISTANT REGISTRAR
